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Gauntlet, a blockchain risk management firm, has called off its partnership with the cryptocurrency lending project Aave (AAVE) after four years due to the challenges of working with the decentralized autonomous organization (DAO) that governs its ecosystem.
Gauntlet is one of the key players in the decentralized finance (DeFi) space, and its services are used by some of the largest DAOs and cryptocurrency networks. It manually set borrowing and lending parameters, provided updates to the Aave community, and oversaw the network’s risk level.
John Morrow, Gauntlet’s co-founder, says it was difficult to work with the “inconsistent guidelines and unwritten objectives of Aave’s DAO”. The news hasn’t stopped AAVE prices from rising, gaining 9% in the last 30 days.
One of Render’s (RNDR) main competitors, InQubeta (QUBE), is being called one of the best new cryptocurrencies to invest in right now thanks to the resourceful way it plans to provide a more accessible way to invest in artificial intelligence (AI). The emerging crypto has sold over $10.4 million worth of tokens and early investors have earned 250% returns on their capital.
Popular NFT investing platform InQubeta (QUBE) poised for 100x surge after ICO
InQubeta is an excellent example of the substantial role decentralized finance will play in the future as it looks to create an alternative way to invest in AI. This addresses the problem of how inaccessible many traditional investment firms are due to prerequisites like net worth and income requirements most people can’t meet. Such practices prevent regular people from investing in opportunities that could build generational wealth, reserving them for the wealthiest and most connected members of society.
InQubeta intends to democratize access to investments in AI, allowing investors to buy equity or reward-based non-fungible tokens (NFTs) that symbolize investment opportunities these companies have to offer. These tokens play the role stocks play in traditional investment spaces.
Investments in artificial intelligence have grown rapidly in the past decade as it becomes clear the technology will reshape how many industries function. Over $1.5 trillion is projected to stream into AI by 2030 and InQubeta will play a crucial role in helping to connect investors with emerging startups.
Here’s how InQubeta’s investment space is designed to work:
- AI firms that are cleared to use the ecosystem make NFTs that are split into smaller units to suit every investor’s budget
- Investors acquire QUBE on cryptocurrency exchanges and use it to buy equity in any startups they think will become major players by buying their NFT
- Investors who purchase NFTs become entitled to all rewards assured to them and they can resell their tokens for QUBE on the marketplace whenever they choose
Investors can also choose to hold QUBE and earn profits as its prices rise. Tokens now sell for $0.0245 during the presale’s eighth stage, and prices are projected to break the dollar mark once launched on exchanges.
Render (RNDR) prices have surged 84% in the past 30 days
Render is another top altcoin launched on the Ethereum (ETH) network and it allows miners and others with unused processing power to rent it out to those who need more on its network. The demand for its services has been so high that its prices have grown by 376% in the past year.
Render is projected to exceed its 2023 growth this year as Bitcoin’s (BTC) upward momentum carries over into other cryptocurrency projects. Render prices could surge as much as 10x, making it one of the best cryptos to buy now.
Summary
RNDR and QUBE are two AI-focused altcoins to watch right now as both are positioned for considerable price surges. InQubeta will likely enjoy more growth thanks to the high demand for the investment space it offers, and the $1.5 trillion investment firms will direct to AI firms in the next several years.
*This article was paid for. Cryptonomist did not write the article or test the platform.
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